A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Some China Evergrande bondholders are reporting they have not received payments at the end of a 30-day grace period, which expired on Monday. The embattled property developer had US$82.5m in coupons due on Monday. A default would be first by Evergrande on public dollar notes.
08/12/2021 - 8:09am Business and Market Discussion
Brad Gibson, Co-head of Asia Pacific Fixed Income at Alliance Bernstein notes that emerging markets are reacting strongly to mainland China's slow growth, and thinks that authorities have not yet made sustainable plans to lead the country to economic recovery.
Nitin Dialdas, Chief Investment Officer at Mandarin Capital says that mainland China officials don’t want to pump 'country money' into its property sector, despite several Chinese property developers defaulting on their debt.
RTHK’s International Economics Correspondent, Barry Wood reports that the US Federal Reserve's top priority now is to combat inflation
Hong Kong Chief Executive, Carrie Lam, has told the private sector to order their staff to get vaccinated, as this will help allow social distancing measures to be relaxed. She said "there's a common objective between the business world and the Hong Kong SAR government to increase the vaccination rate. They should move into the situation of requiring their employees to be vaccinated. If they could not or refuse to vaccinate, then at least they should be required to produce on a very regular basis a negative Covid-19 test in order to enable them to work."
25/08/2021 - 8:09am Business and Market Discussion
David Roche, President & Global Strategist at Independent Strategy thinks that the crackdown on Chinese IPOs will not stop foreign investors from investing in mainland China stocks despite the increasing risks.
Carlos Casanova, Senior Asia Economist at Union Bancaire Privée predicts that Asian markets may react negatively if the Fed decides to taper its monetary stimulus.
RTHK’s International Economics Correspondent, Barry Wood reports that mandatory vaccinations are controversial in the USA but he thinks that it could bring down covid-19 infection rates.